SYSCO CORP (SYY) Stock Technical Analysis
NYSE:SYY - New York Stock Exchange, Inc. - US8718291078 - Common Stock - Currency: USD
Overall SYY gets a technical rating of 7 out of 10. Although SYY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
SYY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SYY is lagging the market slightly.
In the last month SYY has a been trading in the 75.79 - 82.64 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SYY has an average volume of 3016600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SYY outperforms 58% of them, which is more or less in line with the market.
SYY is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry, SYY did better than 46% of them.
SYY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 77.71, a Stop Loss order could be placed below this zone.
More info and screens
69.05
83.01
4 important support areas can be observed.
- A support zone ranging from 77.59 to 77.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @73.63 from a horizontal line in the daily time frame.
- Support @72.23 from a trend line in the weekly time frame.
- A support zone ranging from 69.75 to 70.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 80.13 to 82.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SYY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYY is up. |
| ChartMill Relative Strength | 58.18 | NEUTRAL | SYY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SYY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.67 | NEUTRAL | The RSI value for SYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests SYY has a negative trend. |
| Stochastics (14,3) | 30.64 | NEUTRAL | The Stochastics value for SYY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for SYY suggests some volalility. |
| Average Directional Index/ADX (14) | 25.7 | POSITIVE | The high ADX value value for SYY suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 80.48 | 78.59 | 1.89 (2.35%) | 25.00% |
| An entry @80.48. This is a Buy Stop order right above the 10 day moving average. | An exit @78.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.89 points, which is 2.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.59%. |
- The distance between exit and entry is rather small compared to the average daily movement of SYY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
79.49
+0.27 (+0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg0.34%
1 Week-1.56%
2 Weeks0.3%
1 Month-0.89%
3 Month11.22%
6 Month8.56%
12 Month3.02%
2 Year14.13%
3 Year-3.32%
5 Year32.17%
10 Year99.37%
15 Year189.16%
Volatility
ATR(14)1.53
ATR(20)%2.05%
ATR Inc-35.98%
Range Today1.03
ADR(20)1.58
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.18
Mansfield-0.29
10 Day High82.64
10 Day Low78.6
20 Day High82.64
20 Day Low75.79
52 Week High82.64
52 Week Low67.12
CS1 End77.71
CR1 Start80
Volume & EV
DER(3)0.75%
DER(5)0.3%
Volume2.05M
Volume Incr-13.16%
Vol(5)2.94M
Vol(50)3.02M